Alphabet Falls on Revenue Miss, but Wall Street Bets on YouTube Success
The company reported fourth-quarter results that missed revenue estimates, sending its share price 3% down. But the miss was driven by "lower-quality" areas like other bets, RBC said and upgraded its price target on the stock to $1,550 from $1,500. One of the biggest surprises to come out from Google's quarterly report was the disclosure of how fast its YouTube and cloud businesses were growing.
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